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The Black Swan: The Impact of the Highly Improbable
The Black Swan: The Impact of the Highly Improbable
By: Nassim Nicholas Taleb
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ISBN: 9780812973815
Description
A black swan is a highly improbable event with three principal characteristics: It is unpredictable; it carries a massive impact; and, after the fact, we concoct an explanation that makes it appear less random, and more predictable, than it was. The astonishing success of Google was a black swan; so was 9/11. For Nassim Nicholas Taleb, black swans underlie almost everything about our world, from the rise of religions to events in our own personal lives. Why do we not acknowledge the phenomenon of black swans until after they occur? Part of the answer, according to Taleb, is that humans are hardwired to learn specifics when they should be focused on generalities. We concentrate on things we already know and time and time again fail to take into consideration what we don't know. We are, therefore, unable to truly estimate opportunities, too vulnerable to the impulse to simplify, narrate, and categorize, and not open enough to rewarding those who can imagine the impossible
Specifications
Specifications
Audience: General
Format: Paperback
Language: English
Number Of Pages: 480
Published: 11th May 2010
Publisher: RANDOM HOUSE
Country of Publication: US
Dimensions (cm): 19.68 x 13.34 x 3.18
Weight (kg): 0.33
Edition Number: 2
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